US-based asset manager has Vanguard has launched a global short term bond fund.
The new fund is domiciled in Ireland and will be co-managed by Ales Koutny, Head of International Rates, and Sarang Kulkarni, lead portfolio manager for Vanguard’s Global Credit and pan-European corporate strategies.
The fund offers investors high quality access to a globally diversified mix of investment grade, government, corporate and emerging market short-term debt, and structured short-term fixed income securities.
It aims to provide balance and diversification, while reducing interest rate risk through its focus on short-term duration.
Ales Koutny, Head of International Rates, commented: “Investors don’t want surprises from their fixed income funds. If you keep duration short, you tend to get fewer surprises. This is a fund built to do what you’d expect from Vanguard; provide high-quality, diversified exposure, managed sensibly at a low cost.”
